The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-16
DUN 8 cos BUSINESS REVIEW.
Enormous Investments in New Buiidings-A
Generally Favorable Outlook.

Enormous Investments in New BuiIdings-A
Generally Favorable Outlook.
NEW YORK, July 15.-R G. Dun s. Co.. in
their weekly review Ok trade. say: Exports OF
breadstnffs, cotton, animals and animal products
and petroleum. in June. $32, 668, 277, against
$3S. 638. 224 for the same month last year. Bread
stutfs increased $4,000. 900 and cattle $27l, 900
Cotton decreased SO. 100 900; provisions $780, 00O
and oil 1914. 600. With other exports as last
year, the aggregate for June would be $50. 000 900
against about s59, 0o0 900 imports. making the
excess Of imports fer three months, $40, 000 000
Cotton held above foreign markets
counts for $25. 900 OF this loss and
recent failures indicate that this speculation
was not wiser than the ono in wheat The I'M
loading Of those who bought wheat after Ker-
shaw's failure has depressed No. red here to
s2k cents q fall Of over cents for tho week,
and 243 cents since June 90 With exports of
I53, 629 900 bushels for the past year, the stock
carried over includes "a. 900, 900 bushels visible
supply" 5000, 900 bushels in California. and
certainly 10, 900, 900 in farmers hands, besides
all the -four on hand-facts which establish the
correctness OF the estimates made months ago.
that the surplus would exceed SO. 600. 900 bushels.
In spite OF railroad earnings, which gained 10
per cent. in June, and encouraging assurances
by prominent men. and continued proof that the
interstate act is not to be construed by courts
stocks have been lower The market depends
not upon values or earnings, but upon indvd-
ual notions as to the question whether the fam
ous lives deal 10 merely undeat orfa misdeal
1t lie the case of q long row Of bricks end-if
one banker calls doubtful loan he fears that it
will cause other calls and topping
body waits for the market. and the
market waits for long-promised ''settements"
to materialize. Why investors are not buying,
statistics of new buildings and real estate sales
may explain. If the country has. in six months,
invested $780, 000 900 in new buildings. 800 000,
900 in developing Southern manufactures and
mines, besides cost OF buildings, and as much
more in the rest OF the country and 500, DOC. 900
in new railroad building. 1t cannot have an I'M
limited sum ready TO employ in lifting prices of
securities The cash outside the treasury and
banks. with the deposits, amounted to 81, 1872
600, 600 year ago. $35 20 per capita, and
amount to S. 326 900 000 or $37 20 per capita-
about per cent higher than year ago. Pork
is SO per cent higher: cotton 10 per cent higher;
coffee, SO per cent. higher; pig-iron, IL Der cent
higher; steel rails, 10 per cent higher; wheat.
per cent lower and beef l3 per cent lower.
From oil interior points trade reports are ia
vorable considering the season. and collections
fair. Money is a trife easter at Nashville, in
good demand at Cleveland. and plenty at Kansas
City and Detroit Unusual activity tobacco
have Se''i bought 100000 pounds. third Of
Kentucky's "blue-grass crop" Iron is
stronger. The New York statement of iron
production is 60 600 tons less for the half year
than the Pittsburg account, which would make
the half years consumption of domestic and i'm
ported iron and steel 425s 600 tons. against g.
3I6 900 for the first half of 1885, Some string
ency at Western points affects prices of WOOL
Wool tricots much depressed. sale Of e.
800 pieces being noted at 42tc, against $50 last
year. and one house opens light weight cheviots
at 81 %, which were reduced to 81 81 last year.
In the cotton branch Of dry goods. prices
well maintained
The business failures during the last seven
DAYS number, for the United States, l49; for
Canada, 80: total, 179. compared with 154 last
week. and 1873 for the corresponding week of
last year.